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ICICI Lombard General Insurance Company conducted a conference call on 18 October 2024 to discuss its financial results for the quarter ended September 2024. Sanjeev Mantri, MD & CEO of the company addressed the call:
Highlights:
Gross domestic premium income (GDPI) of the company increased 10.4% as compared to the industry growth of 2.0%. Excluding crop and mass health, the company grew by 9.4% as compared to the industry growth of 6.9%.
The commercial lines segment grew at 1.2%, as against industry growth of 2.0%. The company continues to maintain leadership position in Engineering, Liability and Marine Cargo segments.
In the fire segment, the company remained vigilant in terms of risk selection while maintaining market share.
Motor segment registered growth of 16.1% as against industry growth of 6.2%, aided by growth in the old business. The company continues to maintain market leadership with robust capabilities across...
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